Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Continental Resources (CLR) Stock Price
News stories about Continental Resources (NYSE:CLR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Continental Resources earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 46.681060508859 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- $864.61 Million in Sales Expected for Continental Resources, Inc. (CLR) This Quarter (americanbankingnews.com)
- Continental Resources (CLR) Reports Second International Sale Of Bakken Oil (streetinsider.com)
- Continental Resources (CLR) Reports Second International Sale Of Bakken Oil – StreetInsider.com (streetinsider.com)
- Continental Resources Reports Second International Sale Of Bakken Oil (finance.yahoo.com)
- Continental Resources, Inc. (CLR) Expected to Post Earnings of $0.17 Per Share (americanbankingnews.com)
Continental Resources (NYSE:CLR) traded up $0.40 during mid-day trading on Monday, reaching $45.92. The company’s stock had a trading volume of 2,543,800 shares, compared to its average volume of 2,878,658. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. The stock has a market cap of $17,230.00, a price-to-earnings ratio of 1,148.00 and a beta of 1.40. Continental Resources has a 1-year low of $29.08 and a 1-year high of $60.30.
Continental Resources (NYSE:CLR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The business had revenue of $726.74 million during the quarter, compared to analyst estimates of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.22) EPS. sell-side analysts expect that Continental Resources will post 0.27 EPS for the current fiscal year.
Several equities analysts have weighed in on CLR shares. BMO Capital Markets raised their price objective on Continental Resources from $8.00 to $11.00 in a research note on Monday, November 13th. Piper Jaffray Companies restated a “buy” rating and set a $41.00 price objective on shares of Continental Resources in a research note on Friday, October 6th. Stifel Nicolaus set a $68.00 price objective on Continental Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Jefferies Group LLC set a $42.00 price objective on Continental Resources and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, SunTrust Banks, Inc. set a $50.00 price objective on Continental Resources and gave the company a “buy” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. Continental Resources presently has an average rating of “Buy” and a consensus price target of $46.52.
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Continental Resources Company Profile
Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.
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